KEY TAKEAWAYS
- Bybit introduces a new cashback feature for its cardholders, allowing them to earn rewards in USDC, enhancing their spending options.
- The Bybit Card, with over 1.7 million issued globally, offers up to 10% cashback and supports major payment platforms like Apple Pay and Google Pay.
- USDC, a stablecoin backed by cash and cash-equivalent assets, provides a stable and frictionless option for cross-border transactions.
- Additional perks of the Bybit Card include rebates on services like Netflix, air lounge access, and support for multiple cryptocurrencies.
Bybit, recognized as the world’s second-largest cryptocurrency exchange by trading volume, has announced a new cashback feature for its Bybit Card holders. Starting April 18, 2025, users can earn cashback in USDC, a prominent USD-denominated stablecoin, alongside existing options like USDT, BTC, and AVAX. This initiative allows cardholders to diversify their rewards through daily spending.
The Bybit Card, which has issued over 1.7 million cards globally, offers a seamless solution for users to manage their digital assets. Cardholders can receive up to 10% or $150 in cashback, depending on their VIP level. New users will receive a virtual card compatible with Apple Pay and Google Pay, enabling them to select their preferred cashback option on the Card Rewards page.
USDC: A Stable and Frictionless Option
USDC is a stablecoin fully backed by cash and cash-equivalent assets, redeemable 1:1 for USD. It offers a frictionless experience, allowing users to move funds across borders with instant finality at minimal cost. Available 24/7, USDC provides flexibility for sending, spending, or saving at any time.
Joan Han, Head of the Payment Business Unit at Bybit, stated, “The Bybit Card is about crafting an inclusive experience for our diverse customers. The introduction of the USDC cashback option is tailored for cardholders prioritizing stable returns, and we are looking to expand the range of rewards as the Bybit Card continues to grow.”
Key Features and Benefits of the Bybit Card
The Bybit Card offers several features designed for convenience and flexibility. Users receive an instant virtual card compatible with major payment platforms, allowing for crypto spending and cash withdrawals from any ATM supporting Mastercard. The card comes with no annual fees and offers up to 8% APY and 10% cashback.
Additional perks include 100% rebates on selected partners like Netflix and ChatGPT, air lounge access, and early-bird access to events such as Tomorrowland Brasil 2025. The card supports multiple assets, including USDC, USDT, BTC, ETH, and AVAX. For more details on the Bybit Card and its regional rewards, users can visit the official announcement here.
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